Quolum raised $2.8M; SuperAnnotate landed $3M; Lane picks up $10M; Binah.ai secured $13.5MRead more...
Flatiron Health bagged $175M; NextCure, Inc. raised $67M; AirCloset received $8M funding
- Ossia, a Bellevue, WA-based maker of a wireless power technology, received a strategic investment from Molex, LLC, a global manufacturer of electronic solutions. The amount of the investment was not disclosed. The investment will allow the company to expand market access to the Cota technology by facilitating development of new products for consumers and businesses.
- UIEvolution Inc., a Seattle, WA-based provider of connected device software platforms for the automotive, hotel and cruise industries, received an investment of $5 million. The Mirai Creation Fund, founded last year by SPARX Group Co., Ltd. in partnership with Toyota Motor Corporation (TMC) and Sumitomo Mitsui Banking Corporation, made the investment. The company intends to use the funds to accelerate its advancements in its Internet of Things (IoT) technology and services.
- Internet of Things solutions provider MMB Networks, a company of embedded interoperability software for enabling connected devices, today announced a $7 million Series B funding round led by Roadmap Capital with participation from previous investors Arctern Ventures and VentureLink Funds, and a strategic investment from NXP Semiconductor.
- Gem, a Venice, California-based blockchain platform provider, announced today that it had completed its Series A funding, raising $7.1 million led by Pelion Venture Partners. KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures, and other investors rounded out the fundraising round. “We are using the funds to grow the company to meet the growing mainstream demands for blockchain technology and expertise,” said Micah Winkelspecht, CEO and Founder of Gem.
- Japanese fashion subscription box service AirCloset has announced raising $8 million in a Series B round led by JAFCO, according to Tech in Asia. Other participants included Terrada, a 66-year-old Japanese warehousing and logistics provider, which led AirCloset’s Series A round of JPY 100 million (about US$843,000) in 2015; White Kyubin, a local, established dry cleaning group; and Credit Saison, one of the most recognised financial services providers in Japan.
- Aver Inc., a healthcare bundled payment space and provider of a patented data management platform that simplifies the healthcare reimbursement process, raised $13.6 million in funding led by Heritage Group, with participation from Cardinal Health, Inc., GE Ventures, Hearst Health Ventures, and affiliates of NCT Ventures and StartUp Health. The funding will help the fast-growing company further scale operations, grow its platform capabilities and expand market share.
- RapidMiner said Tuesday it closed a $16 million equity financing round led by NGP. Existing investors Ascent Venture Partners, Earlybird Venture Capital, Longworth Venture Partners and Open Ocean Capital also participated. Cambridge, Massachusetts-based RapidMiner provides an open source predictive analytics platform.
- LoanNow today disclosed its completion of a $50 million credit facility from an institutional investor that will be used to grow its expanding loan portfolio focused on non-prime, middle-income borrowers. This investment highlights the next chapter of ongoing rapid growth for LoanNow, which has already originated close to $10 million in personal loans in its first full year of operations.
- NextCure, Inc., a newly formed biopharmaceutical company focused on the discovery and development of new immuno-oncology products, raised $67 million in Series A financing. Backers included Canaan Partners, Lilly Asia Ventures, OrbiMed Advisors, Pfizer, Sofinnova Ventures, and Alexandria Venture Investments. In conjunction with the funding, David Kabakoff, Ph.D., executive partner of Sofinnova Ventures, will join Chairman of the company.
- Flatiron Health, a cloud-based oncology software, today announced a Series C fundraising round totaling $175 million, led by Roche. Participants in the round included Allen & Company, Baillie Gifford and Casdin Capital. Flatiron Health will use the new funding to further invest in its cloud based OncologyCloud software platform, which includes OncoAnalytics®, a first-of-its-kind advanced analytics tool, and OncoEMRⓇ, the industry-leading electronic health record for oncology with an integrated patient portal and claims system.
If you are interested in being included in our funding roundup, submit your press release or blog post about your financing round to email@example.com.
Image source: udemy.com
Read more from our "Daily Funding Roundup" series
Pando landed $8M; Whatifi raised $10M;Read more...
Regulus Cyber secured $4M; Electric has raised $7M; Quartz Systems landed $7.8MRead more...
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Canaan Partners invests in entrepreneurs and works alongside them to turn visionary ideas into valuable companies. Since 1987, the firm has catalyzed the growth of disruptive technology startups and healthcare companies revolutionizing the practice of medicine. With $3.4 billion under management and more than 95 acquisitions and 55 IPOs to date, Canaan has funded companies such as Acme Packet, Associated Content (acquired by Yahoo), CommerceOne, DoubleClick (acquired by Google), ID Analytics (acquired by LifeLock), Match.com (acquired by IAC), SandForce (acquired by LSI), SuccessFactors (acquired by SAP) and Virsto Software (acquired by VMware). Current technology investments include Blurb, Kabam, Lending Club, Performance Marketing Brands, SOASTA, Tremor Video and Zoosk in the U.S.; BharatMatrimony, Loylty Rewardz and UnitedLex in India; and PrimeSense and LiveU in Israel. Canaan maintains a presence in the global innovation hubs of Silicon Valley, New York City, India and Israel. For more information visit www.canaan.com orwww.facebook.com/canaanpartners. Follow us on Twitter @canaanpartners.